VirnetX Holding Corp — Director's Dealing 2008

Jun 3, 2008

SEC Form 4/A — Form 4/A

Issuer: VirnetX Holding Corp (VHC)
CIK: 0001082324
Period of Report: 2007-12-31

Reporting Person: Larsen Kendall (Director, President & CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-31	Stock option grant (right to buy)	$6.468	A	213319	Acquired	2012-12-31	Common Stock (213319)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8303192	Direct

Footnotes

F1: Effective October 29, 2007, the Issuer had a 3:1 reverse stock split wherein each set of three (3) shares of the Issuer's Common Stock was converted into one (1) share of Common Stock with fractional shares rounded to the nearest whole share.

F2: This Form 4 Amendment is being filed to correct the exercise price and expiration date in Table II and reflect the post split holdings in Table I.

F3: 25% of the total shares subject to the option (the "Total Shares") vest on December 31, 2008, and 1/48th of the Total Shares shall vest each month thereafter. If a Change of Control (as defined in the Issuer's 2007 Stock Plan) of the Issuer occurs, all of the Shares underlying this Option then unvested as of the date of the Change of Control, will vest and become exercisable immediately prior to the consummation of the Change of Control transaction.